Bill Text: NY S05639 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 5639 (Prior Session Legislation)

Introduced

Bill Title: Grants Marie Watkins Morey Tier I status in the New York state teachers' retirement system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO CIVIL SERVICE AND PENSIONS [S05639 Detail]

Download: New_York-2011-S05639-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5639
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                     June 8, 2011
                                      ___________
       Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       AN ACT in relation to granting Marie Watkins Morey Tier I status in  the
         New York state teachers' retirement system
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Notwithstanding any inconsistent provisions of  law,  Marie
    2  Watkins Morey, who was employed by Middletown state hospital from May of
    3  1972  to August of 1972, and for no reasons ascribable to her own negli-
    4  gence did not become a member of the New York state and local employees'
    5  retirement system at the time of her hiring and who is currently a  Tier
    6  3  member  of  the  New York state teachers' retirement system, shall be
    7  deemed to have been a member of the New York state teachers'  retirement
    8  system  on  such  date  she  commenced  employment with Middletown state
    9  hospital and shall be granted Tier 1 status with  every  right,  benefit
   10  and privilege which would have been available to her on such date.
   11    S 2. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This  bill  would  allow Marie Watkins Morey, a member of the New York
       State Teachers' Retirement System with Tier 3 status, to be reclassified
       as a Tier 1 member with all rights, benefits, and privileges which would
       be available to her as a Tier 1 member. Her date of membership would  be
       changed  based  upon  her employment with Middletown State Hospital from
       May 1972 to August 1972.
         The cost of this benefit is equal to the increase in the present value
       of liabilities, which is estimated to be $72,000.
         The source of this estimate is Fiscal Note 2011-49 dated May 13,  2011
       prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
       System and is intended for use only during the 2011 Legislative Session.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10210-06-1